Jean-François de Grandpré re-elected Chair of the Foundation of Greater Montréal Board of Directors
Montréal, June 15, 2018 – On May 30, philanthropic fund creators, partners and members of the Foundation of Greater Montréal (FGM) came together to celebrate the outstanding achievements of 2017. The Honourable Jean-François de Grandpré was reappointed chair, and the Board of Directors gained four new members from various professional fields and areas of involvement. “The Board has expanded its expertise and is now more representative of the people of Greater Montréal in all their diversity,” said Mr. de Grandpré.
Four New Members
Lauréanne Fontaine is the aboriginal affairs coordinator at CN. Previously, she was the communications officer at Quebec Native Women and a project manager at the Institut Tshakapesh. Before being appointed to the FGM’s Board of Directors, Ms. Fontaine was a member of the Montreal Holocaust Museum’s Human Rights Committee.
Karen Macdonald is the news director and station manager at Global TV Montréal. Before joining the station 21 years ago, she was editor at the Quebec Chronicle-Telegraph for 25 years and station manager at Global News (Canwest) for 13 years. Ms. Macdonald is a graduate of Concordia University.
Angelina Mehta has over 20 years’ experience in the mining and finance industries. Since 2017, she has been a senior mining advisor at Paradigm Capital. Previously, she was an investment manager at The Sentient Group and superintendent of business and strategic planning at Rio Tinto. Ms. Mehta serves on several boards and committees, and is a founding member of Women in Mining, a non-profit organization that promotes women’s interests in the mineral exploration and mining industry.
Martine Valcin is the senior director of responsible investment at PSP Investments, and is responsible for integrating environmental, social and governance factors for PSP’s stock and bond portfolio. Ms. Valcin also worked at the Toronto Stock Exchange for 16 years. Very active in the community, she is a member of several committees, including Centraide of Greater Montreal’s Allocations and Agency Relations Committee.
Mr. de Grandpré and the FGM thanked the four outgoing members “for their remarkable dedication and continued involvement over the past few years.”
The FGM manages assets of $292 million, with a return of 9.6%
The FGM Board members highlighted the tremendous growth in assets under management, which totalled $292 million in 2017. The FGM Investment Fund increased by $51.1 million and the FGM’s average gross return was 9.6%. During 2017, the FGM distributed nearly $15 million in grants to over 300 organizations that are helping to build stronger communities by promoting inclusion, citizen engagement and art in the community, and by supporting student retention and a healthy environment. “Once again, this year’s review reflects the ongoing efforts of FGM staff and their strong commitment to the FGM’s mission,” said Mr. Gauthier.
Yvan Gauthier, President and CEO; Alice Herscovitch, outgoing Board member and Executive Director of the Montreal Holocaust Museum; Mr. de Grandpré, Board Chair.
The FGM’s leadership role: The first community foundation in Canada to be guided by UN Sustainable Development Goals
In 2017, the FDG provided a portrait of children in Greater Montréal, guided by 10 of the UN’s 17 Sustainable Development Goals (SDGs). It then set up a grant program to address the identified issues. This initiative makes the FGM the first community foundation to be guided by the SDGs in its evaluation and grant-awarding process, thus addressing global issues in a local context to build a more sustainable, equitable community.
In 2018, the FGM’s Community Initiatives Program asked registered charities to submit projects aligned with the SDGs. Of the 325 proposals submitted, 49 were retained for a total of $651,133 of support.
On May 30, a gathering was held for the grant recipients, who presented their initiatives in the morning and shared a meal. A truly inspirational moment.
Foundation of Greater Montréal
Corinne Adélakoun, Director of Communications
514-866-0808, ext. 109 / firstname.lastname@example.org
Photographs of the Board members are available upon request.
The members of the FGM Board of Directors for 2018-2019:
About the Foundation of Greater Montréal
The Foundation of Greater Montréal (FGM) is a public foundation that manages and grows assets in over 550 funds created by individuals, families and organizations wishing to support chosen causes in education, health, social development, the arts, culture and the environment. The FGM guides donors by identifying important issues brought to light in its Vital Signs of Greater Montréal report and distributes over $14 million in grants to inspiring projects in the community. It encourages philanthropy as a major amplifier of well-being in Greater Montréal. The FGM is a member of the network of Community Foundations, which counts 191 organizations across Canada.